FREEMAN

Operated by MAGNOLIA OIL & GAS OPERATING LLC (P-5 521544) in the GIDDINGS (AUSTIN CHALK-3) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 198566District 03Field 347335002 tax incentive programmesCondensateGasSaveExport
Value, all time
$25.7 M
Sep 2003 – May 2026
Value, last 12 filed months
$82 k
at the published price for each month
Months reported
273
no gaps in the span
Streams
2
condensate, gas

The Railroad Commission's own record for the field this lease produces from, including the spacing rule that governs how close together its wells may be drilled.

These are facts about the field, not about this lease. The field holds 5,900 leases and 6,985 wells, and the rule below applies to all of them.

Discovered
1960-10-29
as the register files it
Field class
Oil and gas
the register's own label
Between wells
0 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 80 acres. The field rule took effect on 2025-09-30.

The Commission's schedule remark for this field reads: DKT OG-25-00028011: UFT FIELD, ALLOCATION FORMULA SUSPENDED

Severance-tax incentive filings

Applications the operator filed to have this lease's gas taxed at a reduced state rate. A filing is an application, and this page never calls one a reduction that was granted.

ProgrammeFilingsWith an approval dateDatedDocket
High Cost Gas112004-02-26153955
NGPA1none

This says nothing about a royalty. A severance tax is charged to the operator. Whether a reduced rate reaches a royalty owner depends on the wording of the lease instrument, which is a private contract this site does not hold.

What this lease produced, and what it was worth

Oil and condensate are valued on the volume the state records as disposed of; gas and casinghead gas on the volume produced. They are different columns of different files, and the difference is not cosmetic.

StreamBasisVolumeValue
CondensateDisposition92 bbl$7,016
GasProduction4,457,446 Mcf$25,665,551
Total$25,672,566

Wells on this lease (1)

Every wellbore the Railroad Commission records against this lease key, with the depth, the last completion and the plug date exactly as filed. A well with no plug date is not stated to be producing — the state files no such flag.

These wells centre on 30.5002, -95.9874. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.50021, -95.98741 · centre of the wells drawn, derived

What these wells add up to

Every figure below is counted over all of this lease's wells, not over the rows listed above. The Railroad Commission files two facts about a well's state — a plug date and a proration-schedule flag — and a well can carry both, so they are published as separate counts and never merged into a status.

On the schedule
0.0%
0 of 1 wells
With a plug date
0.0%
0 of 1 wells
Median depth
no depth filed
Completion to plug
no well filed both dates

What the state filed about each well

On the RRC proration schedule
00.0%
A plug date is filed
00.0%
BothOn the schedule and plugged. Neither fact cancels the other.
00.0%
NeitherNo plug date, and not on the schedule.
1100.0%

A plug date is the date the Commission recorded the wellbore as sealed with cement and abandoned. It is the only end-of-life fact Texas files. There is no "active" flag on a well, so this page does not print one — a well with no plug date is not stated to be producing.

Completions filed
Sep 2003
1 of 1 wells

1 well

42-185306722HSep 2003

The API number is the state's, prefixed 42 for Texas. A well is matched to this lease by the lease key the Commission files on the wellbore record, so a well that has moved between leases appears under each one it was filed against.

Every month this lease reported (273)

Volume × price = value, one row per cycle. The price columns are the same series published on the prices page — nothing here is modelled.

273 months

May 202601,899106.413.05$5,784
Apr 202601,93698.932.87$5,556
Mar 202612,12689.753.15$6,785
Feb 202601,93963.503.75$7,272
Jan 202601,81559.138.00$14,516
Dec 202501,86356.664.41$8,222
Nov 202511,86458.593.93$7,377
Oct 202501,55559.383.30$5,139
Sep 202501,53362.743.08$4,717
Aug 202501,85463.933.01$5,589
Jul 202511,56966.743.32$5,268
Jun 202501,87066.483.13$5,851
May 202501,08760.553.23$3,514
Apr 202501,70762.363.54$6,048
Mar 202501,68967.704.27$7,209
Feb 202501,75570.884.34$7,618
Jan 202502,40874.324.28$10,303
Dec 202401,34768.993.12$4,204
Nov 202401,29669.052.20$2,849
Oct 202401,71271.372.28$3,906
Sep 202401,94369.612.36$4,594
Aug 202442,04175.632.06$4,514
Jul 202402,11179.932.15$4,531
Jun 202402,09678.082.63$5,521
May 202401,92278.812.20$4,225
Apr 202402,12784.451.66$3,529
Mar 202412,41180.301.55$3,806
Feb 202402,22676.091.78$3,970
Jan 202402,32673.023.30$7,670
Dec 202302,65071.262.61$6,918
Nov 202301,84477.892.81$5,177
Oct 202302,04385.443.09$6,307
Sep 202302,16289.042.74$5,913
Aug 202302,50280.522.67$6,688
Jul 202301,55274.852.64$4,100
Jun 202302,78068.962.26$6,279
May 202302,70470.622.23$6,023
Apr 202301,54878.122.24$3,464
Mar 202312,68572.852.39$6,498
Feb 202301,46175.112.47$3,602
Jan 202301,68276.533.39$5,698
Dec 202203,34176.415.73$19,141
Nov 20220085.005.65$0
Oct 202203,55287.185.86$20,828
Sep 2022062284.888.16$5,078
Aug 2022075494.529.13$6,882
Jul 20220753101.587.54$5,679
Jun 20220783115.097.98$6,246
May 20220703109.378.43$5,928
Apr 20220590104.226.84$4,034
Mar 202201,320108.885.08$6,701
Feb 202201,08891.054.86$5,286
Jan 202202,44181.844.54$11,076
Dec 202102,58971.323.90$10,095
Nov 202102,62777.435.24$13,757
Oct 202102,91479.795.71$16,650
Sep 202102,86869.865.35$15,346
Aug 202103,48366.024.22$14,700
Jul 202104,11370.783.98$16,378
Jun 202105,92069.493.38$20,013
May 202102,25763.483.02$6,811
Apr 20210060.362.76$0
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 202001,07114.751.80$1,932
Mar 2020095630.341.86$1,775
Feb 2020085349.881.98$1,690
Jan 202001,60257.252.09$3,356
Dec 201901,40759.012.30$3,242
Nov 201902,94155.302.75$8,090
Oct 201902,61653.472.42$6,327
Sep 201904,68355.052.66$12,444
Aug 201902,64053.112.30$6,084
Jul 201903256.272.46$79
Jun 2019085452.782.49$2,127
May 2019025758.482.74$704
Apr 2019055962.632.75$1,538
Mar 2019082556.803.06$2,526
Feb 201901,81950.852.79$5,079
Jan 201902,42846.033.23$7,838
Dec 2018093646.594.19$3,918
Nov 201803,73852.934.24$15,839
Oct 201801,65261.443.40$5,614
Sep 201803559.543.11$109
Aug 201801,20559.403.07$3,695
Jul 201802,26165.142.93$6,629
Jun 2018055560.183.08$1,708
May 201802,26765.382.90$6,576
Apr 201803,12563.842.90$9,065
Mar 201803,06161.222.79$8,531
Feb 201803,22661.782.77$8,924
Jan 201803,83662.874.01$15,380
Dec 201703,48757.272.92$10,187
Nov 201703,64355.423.12$11,360
Oct 201705,45749.292.98$16,282
Sep 2017063647.523.09$1,964
Aug 2017028745.373.00$862
Jul 201701,16543.873.09$3,597
Jun 2017091442.493.09$2,822
May 2017087645.373.26$2,859
Apr 2017084347.933.21$2,707
Mar 2017078046.772.98$2,327
Feb 201701,38850.452.95$4,098
Jan 201701,58049.413.42$5,402
Dec 201602,27248.763.72$8,458
Nov 201601,94642.492.64$5,146
Oct 201601,91446.193.09$5,915
Sep 201603,00741.553.10$9,324
Aug 201603,27641.442.92$9,580
Jul 201603,96841.622.92$11,604
Jun 201603,14745.352.69$8,452
May 201602,42742.521.99$4,832
Apr 201602,87036.561.99$5,714
Mar 201602,62833.011.79$4,715
Feb 201602,92526.472.06$6,036
Jan 201602,63427.352.36$6,228
Dec 201502,71332.362.00$5,430
Nov 201501,36638.792.17$2,961
Oct 201502,48743.552.43$6,035
Sep 201502,44942.992.76$6,755
Aug 201502,81640.162.87$8,089
Jul 201502,74448.152.95$8,081
Jun 201502,26056.152.88$6,515
May 201501,81655.212.96$5,367
Apr 201502,24649.822.71$6,079
Mar 201502,40842.892.93$7,067
Feb 201503,49444.662.98$10,399
Jan 201503,05243.433.10$9,463
Dec 201403,19354.693.59$11,467
Nov 201403,06670.464.25$13,036
Oct 201403,59878.303.90$14,036
Sep 201403,63086.164.05$14,685
Aug 201403,92989.394.04$15,854
Jul 201403,93796.564.18$16,455
Jun 201402,68198.164.74$12,700
May 201402,30894.734.73$10,909
Apr 201403,36295.944.81$16,168
Mar 201403,88295.895.06$19,631
Feb 201403,48897.406.19$21,598
Jan 201404,07990.404.86$19,827
Dec 201303,84091.824.35$16,721
Nov 201303,99588.853.74$14,934
Oct 201303,89097.423.78$14,702
Sep 201313,835104.113.72$14,362
Aug 201304,015104.253.52$14,143
Jul 201304,149102.523.72$15,425
Jun 201304,26294.403.93$16,764
May 201314,58594.834.15$19,118
Apr 201304,61193.964.28$19,747
Mar 201334,45293.623.91$17,701
Feb 201303,68891.233.42$12,613
Jan 201314,45091.603.42$15,310
Dec 201204,67586.773.42$15,989
Nov 201213,32486.953.62$12,136
Oct 201204,15489.383.40$14,122
Sep 201204,22394.672.92$12,324
Aug 201204,18792.662.91$12,176
Jul 201215,51785.133.02$16,751
Jun 201214,34479.822.52$11,023
May 201204,69691.612.49$11,685
Apr 201215,051101.652.00$10,187
Mar 201204,976105.052.22$11,057
Feb 201234,912101.102.57$12,928
Jan 201202,93698.092.73$8,027
Dec 201115,27596.873.24$17,187
Nov 201115,80795.723.31$19,324
Oct 201104,63084.983.65$16,893
Sep 201114,23983.623.99$16,979
Aug 201105,20183.404.15$21,581
Jul 201115,35894.144.52$24,298
Jun 201115,22192.904.64$24,318
May 201116,46898.134.40$28,589
Apr 201116,302105.964.33$27,414
Mar 201115,52196.364.06$22,497
Feb 201104,43085.644.18$18,517
Jan 201115,02886.504.59$23,159
Dec 201015,76185.734.35$25,133
Nov 201016,34680.843.80$24,166
Oct 201004,37678.103.51$15,355
Sep 201014,98472.633.98$19,906
Aug 201002,62173.684.42$11,583
Jul 201016,02572.554.74$28,610
Jun 201016,89070.364.91$33,903
May 201016,56371.124.24$27,867
Apr 201017,29181.694.12$30,140
Mar 201017,96278.394.39$35,021
Feb 201017,04473.585.44$38,410
Jan 201015,46674.365.96$32,674
Dec 200906,13871.445.48$33,659
Nov 200906,36674.593.75$23,882
Oct 200917,70372.544.11$31,734
Sep 200917,92365.543.06$24,348
Aug 200919,16067.423.22$29,549
Jul 200906,26161.133.46$21,691
Jun 200938,15266.163.90$31,951
May 200947,69854.743.93$30,439
Apr 200918,70546.773.59$31,276
Mar 200929,05642.144.06$36,843
Feb 200918,42532.814.63$39,066
Jan 2009511,16935.865.37$60,168
Dec 200817,28837.105.98$43,599
Nov 200819,57755.496.86$65,757
Oct 2008311,53375.246.92$80,057
Sep 200823,443101.767.88$27,324
Aug 200809,590114.228.48$81,352
Jul 200817,644131.0811.39$87,192
Jun 2008110,828131.3313.03$141,249
May 200819,730123.1711.57$112,741
Apr 2008211,072110.3110.45$115,977
Mar 200806,697101.909.66$64,720
Feb 2008312,85592.538.77$113,023
Jan 200815,57290.388.21$45,813
Dec 2007114,60388.337.30$106,719
Nov 200709,32691.677.29$68,002
Oct 2007011,97182.856.92$82,863
Sep 2007311,77875.846.24$73,771
Aug 2007110,95369.066.39$70,036
Jul 2007113,30670.906.39$85,069
Jun 2007215,49562.007.55$117,087
May 2007114,29158.747.85$112,190
Apr 2007313,91559.617.81$108,788
Mar 2007314,86256.927.30$108,693
Feb 2007115,21555.108.22$125,062
Jan 2007019,15150.306.73$128,826
Dec 2006012,16456.656.92$84,156
Nov 2006018,22354.207.62$138,813
Oct 2006017,90254.906.01$107,659
Sep 2006019,99260.085.04$100,704
Aug 2006021,72668.717.34$159,467
Jul 2006022,08669.376.34$140,086
Jun 2006018,94566.286.38$120,943
May 2006014,64466.016.42$94,088
Apr 2006026,74364.397.36$196,841
Mar 2006028,04156.707.08$198,612
Feb 2006028,04157.597.75$217,349
Jan 2006029,87760.598.93$266,901
Dec 2005033,00654.9413.42$442,789
Nov 2005029,70854.6910.59$314,560
Oct 2005026,98658.3413.80$372,292
Sep 2005030,63761.4512.08$370,064
Aug 2005031,71661.519.80$310,717
Jul 2005027,16355.697.84$213,057
Jun 2005031,05752.337.38$229,233
May 2005032,56245.226.65$216,575
Apr 2005035,17949.207.36$258,934
Mar 2005037,73050.377.15$269,954
Feb 2005032,35645.226.31$204,228
Jan 2005046,00643.166.32$290,859
Dec 2004052,59539.866.75$355,073
Nov 2004052,74845.286.33$333,917
Oct 2004094,92949.706.52$618,472
Sep 2004068,81943.245.28$363,633
Aug 2004084,49942.375.55$469,025
Jul 2004072,40338.286.08$440,513
Jun 2004087,13936.106.43$560,567
May 20040108,32337.486.49$703,512
Apr 20040117,50934.475.86$688,422
Mar 20040147,49234.365.53$815,651
Feb 20040172,92132.455.51$952,729
Jan 20040234,22232.036.30$1,475,514
Dec 20030327,05630.266.30$2,060,989
Nov 20030472,83928.804.60$2,172,771
Oct 20030605,12428.174.76$2,880,172
Sep 20030202,43926.314.75$961,456

How to read this page

The arithmetic is one multiplication per stream per month. Here it is, worked, on a real row from the table above.

May 2026 — as filed, then multipliedworked
Condensate             0 bbl  × $106.41 =         $0
Gas                1,899 Mcf  × $  3.05 =     $5,784

────────────────────────────────────────────────────
Month total                                   $5,784

The volumes are the state's, unchanged

Every barrel and every Mcf on this page is a number the Railroad Commission of Texas published in its monthly production query. Nothing is modelled, estimated or filled in.

The dollars are a multiplication, not a valuation

Volume × a published monthly price. It is not what the operator was paid: it takes no account of a contract, a differential, a transportation deduction, or the share any one owner holds.

Oil and gas are priced differently

Oil is a Texas realisation — the crude oil first purchase price. Gas is a benchmark, because no free Texas wellhead gas series exists at any date. The prices page publishes the difference rather than correcting it away.

A lease is not a well

The state reports oil on lease and gas on well, and this page is the lease grain. 03/G/198566 is the state's own key, not one this site invented.